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Hello good afternoon just gone 4 oclock here in moscow youre watching r. T. International lets start with the latest figures on the code 19 pandemic because the number of confirmed infections worldwide has passed 1600000 the death toll stands at more than 97366000 people have recovered. Well the coronavirus is taking its greatest toll on the elderly with picture of devastation emerging around care homes throughout europe deaths in such facilities has surged but exact numbers arent yet known due to a lack of testing and delays in reporting initially the health the rector of one nursing home says that there are no resources to cope with the crisis. I would describe whats happened as a tsunami losing so many people at the same time is terrible we have not even had time to know what happened and mourn for those who have died over time and homes to provide optimal conditions for the virus to spread and in many European Countries re ....
Medicaid reimbursement rates so it artificially depresses this number to 1. 00 that youre reading about in the minutes but if you look at the core c. P. I. The core Consumer Price index which strips out food and energy it has been running at or above 2 percent which is the feds target for 23 straight months now so i think that there needs to be some soul searching at the fed because the average American Family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and what how investors rightly read that message is that theyre going to continue growing the < ....
This is the one business show you cant afford to mess im christiane and im going to board washington coming up the Federal Reserve on wednesday release their minutes of their january meeting but what path has the central bank decided to take well break down the feds moves and how its close choosing to react to global instability what wall way has lost a case in court relating to the purchases of its products but how will the embattled telecoms giant bear Going Forward will analyze the future of cross the globe. In the great. German europe. And later the u. S. Has sanctioned russian oil giant ross now as the nation has ramped up the effort against venezuela well do a deep dive into the penalties and what it means for the petro sector. Today so lets go and dive right in. The federal open Market Committee released edited ....
American family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and what how investors rightly read that message is that theyre going to continue growing the Balance Sheet and if need be and we know that the need could could be happening with the coronavirus shock to the to the to the economy not just in china but here in the United States if that means further rate cuts in 2020 that is certainly what the markets have begun to price in now speaking of how does the f o m c participants view the corona Vi ....
The fed utilizes imputes Health Care Costs which is really going through the roof for the average working family it imputes Health Care Costs using medicare and medicaid reimbursement rates so it artificially depresses this number to 1. 00 that youre reading about d in the minutes but if you look at the core c. P. I. The core Consumer Price index which strips out food and energy it has been running at or above 2 percent which is the feds target for 23 straight months now so i think that there needs to be some soul searching at the fed because the average American Family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is co ....